The following companies are set to report their quarterly earnings today, along with a few others:
Tata Steel, Mankind Pharma, Coal India, Bank of Baroda, Maruti Suzuki, Adani Power, Crompton Greaves, JBM Auto, Mahindra & Mahindra (M&M), BHEL, Godrej Properties.
Tata Steel declared a 51% increase in their net profit, earning Rs 960 crore for the first quarter ending June 30, 2024. Last year, their profit was Rs 634 crore.
However, they did not meet the expected profit of Rs 1,025 crore. Their total revenue from operations decreased by 8%, down to Rs 54,771 crore from Rs 59,490 crore in the same period last year.
Mankind Pharma Q1 results live: Net profit rises 10% YoY to Rs 543 crore
Mankind Pharma announced a 10% increase in their net profit, earning Rs 543 crore. Last year, their profit was Rs 494 crore. Their total revenue from operations increased by 12% to Rs 2,893 crore.
Domestic revenue increased by 9% to Rs 2,634 crore, while exports saw a huge 62% increase to Rs 259 crore. The company is now the second-largest pharma company by volume.
Coal India Q1 results live: Net profit rises 4% to Rs 10,959 crore, revenue up 1%
Coal India reported a 4% increase in their net profit, reaching Rs 10,959 crore. Last year, their profit was Rs 10,528 crore. Their revenue from operations rose by 1.3% to Rs 36,465 crore from Rs 35,983 crore.
On July 31, their shares closed 0.6% higher at Rs 522.45 apiece.
Bank of Baroda Q1 results live: NII up 5.5% to Rs 11,600 crore
Bank of Baroda’s net interest income for the quarter was Rs 11,600 crore, which is 5.5% high from Rs 10,996.7 crore last year.
Bank of Baroda Q1 results live: Net profit rises 9.5% to Rs 4,458 crore
Bank of Baroda reported a 9.5% increase in their net profit, which is now Rs 4,458 crore. Last year, their profit was Rs 4,070 crore. On July 31, their shares closed 0.7% lower at Rs 254.50 apiece.
Maruti Suzuki Q1 results live: Highlights
Maruti Suzuki sold 521,868 vehicles in the quarter, up 4.8% from last year. In the domestic market, they sold 451,308 units, increase by 3.8%, and export sales were 70,560 units, up 11.6%.
Their net sales for the quarter were Rs 33,875.3 crore, up from Rs 30,845.2 crore last year.
Net profit increased to Rs 3,649.9 crore from Rs 2,485.1 crore, a 46.9% rise. This was due to cost reduction, commodity prices, and foreign exchange.
Maruti Suzuki Q1 results live: Net profit jumps 47% to Rs 3,650 crore, shares gain
Maruti Suzuki’s net profit for Q1 FY25 grew by 47% to Rs 3,650 crore from Rs 2,485 crore. Their earnings increased by 10% to Rs 35,531 crore from Rs 32,327 crore.
The market predicted a net profit of Rs 3,235 crore and revenue of Rs 34,566 crore. Shares increased by 3.67% to Rs 13,346.05 after the results were announced. They had an inventory gain of Rs 895 crore, up from Rs 100 crore last year.
Adani Power Q1 results live: Net profit falls 55% to Rs 3,913 crore, revenue up 36%
Adani Power declared a 55% decline in net profit to Rs 3,913 crore from Rs 8,759 crore last year. However, their revenue increased by 29% to Rs 14,717 crore from Rs 11,005 crore.
Adani Power works thermal power plants and a solar plant. On July 30, their stock closed nearly 2% higher at Rs 730.00.
Crompton Greaves net profit jumps 25% to Rs 152 crore
Crompton Greaves Consumer Electricals reported a 25% increase in net profit, reaching Rs 152.35 crore. Last year, their profit was Rs 122.03 crore.
Their revenue from operations increased by 14% to Rs 2,137.69 crore from Rs 1,876.85 crore last year.
JBM Auto’s EBITDA up 21.2%
JBM Auto declared a 10.6% increase in net profit, reaching Rs 33.4 crore. Their revenue increased by 21% to Rs 1,144.5 crore from Rs 946.2 crore last year. Their EBITDA bounced by 21.2% to Rs 140.1 crore, with a margin of 12.2%.
Mahindra & Mahindra unveils Q1 financial results
Mahindra & Mahindra (M&M) reported a net profit of Rs 2,612 crore and revenues of Rs 27,039 crore. The automotive segment noticed a 13% increase in revenue to Rs 18,947 crore. The EBIT margin for the auto segment improved to 9.5% from 7.7% last year.
BHEL Q1 net loss widens to Rs 211.4 crore YoY
BHEL reported a net loss of Rs 211.4 crore, compared to a loss of Rs 205 crore last year. Their revenue increased by 9.6% to Rs 5,485 crore from Rs 5,003 crore. Their EBITDA loss was Rs 169 crore, down from Rs 179 crore last year.
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Godrej Props reveals June quarter numbers
Godrej Properties declared a 10% increase in the area sold, up 299% YoY to 8.99 msf. Customer collections were down 36% QoQ, but up 54% YoY to Rs 3,012 crore. They delivered projects in three cities.
Net operating cash flow was Rs 988 crore, up 737% YoY. Booking value was down 9% QoQ, but up 283% YoY to Rs 8,637 crore. They have two new projects with a booking value of Rs 3,000 crore.
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People May Ask
Is Adani Power a good buy?
Adani Power is a big company that makes electricity. They have been growing and which makes more money, but recently, their profits have gone down because they had to spend more money to make electricity.
They are making new power plants, which might help them grow in the future. If you want to invest in Adani Power, it’s important to think about both their good and bad points.
What is the fair price of Adani Power?
The fair price of a stock is how much it should be worth depends on how well the company is doing. As of now, Adani Power’s share price is about Rs 694.6. This price can change based on how much money the company makes and how much it spends.
If a company makes a lot of money, its share price can increase. If it spends too much, the price can decrease. Analysts look at things like how much money the company makes compared to its stock price to decide if the stock is priced fairly.
What is the target of Adani Power?
The target price is what experts think the stock price will be in the future. For Adani Power, experts think the share price might be between Rs 550 and Rs 609 in 2024 and could go up to Rs 650 to Rs 735 by 2025.
These guesses are based on the company’s plans to build new power plants and make more electricity.
What is the price of Adani Power share today?
As of today, the price of one Adani Power share is Rs 694.6. The price has gone up a lot in the past year, which means many people think the company is doing well.
